Travelers Companies Inc (NYSE:TRV) EVP Kenneth Franklin Spence III sold 2,970 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $138.68, for a total value of $411,879.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Travelers Companies Inc (NYSE TRV) traded up $2.06 during trading on Friday, reaching $139.74. The company’s stock had a trading volume of 2,000,000 shares, compared to its average volume of 2,250,000. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $38,250.00, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $150.55.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). The firm had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.20 earnings per share. equities analysts forecast that Travelers Companies Inc will post 10.59 EPS for the current year.
Travelers Companies announced that its board has authorized a stock buyback plan on Thursday, November 9th that permits the company to buyback outstanding shares. This buyback authorization permits the insurance provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.88 annualized dividend and a yield of 2.06%. Travelers Companies’s payout ratio is 37.02%.
Hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in shares of Travelers Companies during the third quarter valued at approximately $8,254,000. Abner Herrman & Brock LLC lifted its holdings in shares of Travelers Companies by 6.5% during the fourth quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after purchasing an additional 3,853 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Travelers Companies by 4.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 58,457 shares of the insurance provider’s stock valued at $7,162,000 after purchasing an additional 2,567 shares during the last quarter. Vaughan David Investments Inc. IL lifted its holdings in shares of Travelers Companies by 1,454.3% during the third quarter. Vaughan David Investments Inc. IL now owns 219,728 shares of the insurance provider’s stock valued at $26,387,000 after purchasing an additional 205,591 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Travelers Companies by 8.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,442 shares of the insurance provider’s stock valued at $2,750,000 after purchasing an additional 1,683 shares during the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.
TRV has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $148.00 target price on shares of Travelers Companies in a research note on Friday, December 8th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $152.00 target price on shares of Travelers Companies in a research note on Wednesday, December 6th. Bank of America raised Travelers Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 9th. Zacks Investment Research raised Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Friday, January 5th. Finally, ValuEngine cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Travelers Companies presently has an average rating of “Hold” and an average price target of $137.20.
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About Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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